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Proprietary colleges are for-profit colleges and universities generally operated by their owners, investors, or shareholders in a manner prioritizing shareholder primacy as opposed to education provided by non-profit institution (such as non-sectarian, religious, or governmental organization) that prioritize students as project stakeholders.
The UK does not permit for-profit schools (independent schools are mostly non-profit making trusts), but there are a number of for-profit institutions in higher education. In 2013, Michael Gove , then secretary of state for education , was said to have drawn up plans to allow free schools and academies to become for-profit businesses, and in ...
In the 2010–2011 school year, more than $1 billion went to eight for-profit schools. [94] [95] In the 2012–2013 academic year, 31 percent of GI Bill funds went to for-profit colleges. Veteran participation in these schools, in effect, transferred $1.7 billion in post-9/11 GI Bill funds to these schools. [96]
NIPSA was formed in 1983, in northern California, by a small group of enthusiastic educational professionals dedicated to the formation of a professional association of proprietary schools; the three co-founders were Charles Lavaroni, Ralph Gioveniello, and Pat O'Donnell.
The main sources of initial capital for large proprietary colleges and online program managers are institutional investors: international banks, hedge funds, institutional retirement funds, and state retirement funds. [62] [99] Some smaller schools are family owned businesses. At elite universities, donors may serve as significant sources.
In Ireland, the internationally recognised definition of "private school" is misleading and a more accurate distinction is between fee-charging schools and non-fee-charging schools. This is because approximately 85% of all schools are private schools (Irish: scoil phríobháideach) by virtue of not being owned by the state.
By 1920, Dewey and The School and Society were seen as "the authority for child development" by Claparède. [1]: 67–68 In Germany, the first chapter, on "School and Social Progress" was published in a journal in 1903. [10] [11]: 88 A German translation of the entire work followed in 1905.
In order to be licensed as a proprietary school within New York State, organizations must undergo a licensing process wherein they submit various documents, including: an application for a school license, proof of type of ownership (e.g., sole proprietorship, partnership, or corporation), financial documents, curriculum applications, and school prepared forms.